Ireland: Selected Issues
IMF Staff Country Reports, June 28, 2018
Source details
- Canonical URL
- Ireland: Selected Issues
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Bibliographic details
- Published: June 28, 2018
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484363874.002
Overview
- Publication date: June 28, 2018
- Report type: Selected Issues paper (IMF Staff Country Reports)
- Core objective: Estimates the cyclical position of the Irish economy
- Key complication in assessment: Open character of Ireland's labor market and large presence of globally active multinationals
Main findings
- The analysis suggests the Irish economy is in the midst of a cyclical upswing.
- All methods suggest a positive output gap in 2017.
- The labor market shows signs of upward wage pressures.
- Net immigration has been weak so far.
- These signs are consistent with a cyclical upswing amid strong estimated potential output growth.
- The combination of factors points to risks of a boom-bust cycle, should the economy continue to push the growth momentum.
Subjects and keywords
- Subject: Corporate income tax, Labor, Labor force, Labor markets, National accounts, Personal income, Taxes, Unemployment rate
- Keywords: commercial real estate, Corporate income tax, CR, CRE market, CRE price, Europe, exit tax, Global, growth labor force growth, ISCR, Labor force, labor force gap, Labor markets, Personal income, price, Unemployment rate
Content in this bundle
- Country Report